National Retail Federation Predicts Record Spending this Father's Day, Good News for Retail Franchises

Retail Franchises Could See Jump in Father's Day Spending
Retail Franchises Could See Jump in Father's Day Spending

With Father's Day less than a week away, recent survey results released by the National Retail Federation, the world’s largest retail trade association and Prosper Insight and Analytics, predict good news for both retail and service franchise establishments. According to the NRF's June 7th release, “consumers say they will spend more than ever on Father’s Day this year."

The survey also found 22% of Father’s Day gift shoppers will opt for the gift of "an experience" for Dad, such as tickets to an event or a personal service. An estimated 2 out of 5 Millennials are planning to give experience gifts.

The SBA suggests ways small business owners can capitalize on these projections in a recent blog post, 4 Ways to Market Your Business This Father’s Day.

Whether you're a Dad about to receive a showing of gifts this Sunday or you've been thinking about starting your own family business, read about one Father who made his franchise all about family.

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